MCQ on Important Daily Current Affairs of 27th August 2021
In this article, we will discuss MCQ on important current affairs of 27th August 2021 and their answers with explanations.
QUESTIONS
1. Government has recently replaced the Unmanned Aircraft Systems (UAS) Rules, 2021 with liberalized Drone Rules, 2021. What is the maximum penalty for violation of liberalized Drone Rules, 2021?
A) Rs 1 lakh
B) Rs 2 lakh
C) Rs 3 lakh
D) Rs 5 lakh
2. Which bank has topped the EASE Reforms Index Award 2021 (EASE 3.0 Awards)?
A) Union Bank of India
B) Bank of Baroda
C) State Bank of India
D) Indian Bank
3. RBI has recently announced to include the beneficiaries of which scheme from tier-1 and tier-2 centres under PIDF Scheme?
A) PM Ujjwala Yojana
B) Saubhagya Scheme
C) PM KISAN
D) PM SVANidhi Scheme
4. Indian government has approved an increase in the family pension of bank employees to what percent of the last salary drawn?
A) 40%
B) 30%
C) 20%
D) 50%
5. Carol Furtado has recently been named as the interim CEO of which bank?
A) ESAF Small Finance Bank
B) Equitas Small Finance Bank
C) Ujjivan Small Finance Bank
D) Utkarsh Small Finance Bank
6. The DRDO is showcasing its 11 products at the International Military and Technical Forum ‘ARMY 2021’. The annual exhibition of armament and military equipment is organised by which country?
A) Australia
B) United States
C) France
D) Russia
7. The Ministry of Finance has notified the Enhanced Access & Service Excellence, EASE-4.0 for 2021-22. What is the theme of the latest edition of EASE?
A) Technology-enabled, simplified, and collaborative banking
B) Smart, Tech-enabled Banking for Aspiring India
C) CLEAN and SMART banking
D) Roadmap for Banking of the Future
8. Who is the author of the book ‘Accelerating India: 7 Years of Modi Government’?
A) K. K. Shailaja
B) K J Alphons
C) Pinarayi Vijayan
D) M. K. Stalin
9. The Women Entrepreneurship Platform “WEP Nxt” has been launched by NITI Aayog in partnership with which company?
A) IBM
B) Microsoft
C) Cisco
D) Infosys
10. How much amount has been approved by India as Line of Credit (LoC) to be funded for the Greater Male Connectivity project (GMCP) in Maldives?
A) USD 300 million
B) USD 400 million
C) USD 200 million
D) USD 100 million
11. RBI has extended the scope of tokenization to consumer devices like laptops, desktops, wearables, IoT devices, etc. The ultimate responsibility for the card tokenization services is rendered with _____________?
A) Clearing Corporation of India Ltd.
B) NPCI
C) RBI
D) Authorized card payment networks
12. Hitendra Dave has been appointed as the Chief Executive Officer (CEO) of which bank?
A) Citibank India
B) IndusInd Bank
C) HSBC India
D) DBS India
13. The International Military-Technical Forum ARMY 2021 is which edition of the annual event?
A) 7th
B) 5th
C) 4th
D) 8th
14. As per the government data, Public Sector Banks reported a profit in FY21 for the first time, after facing five years of continuous losses. What was the amount of profit gained by banks in FY21?
A) Rs. 43,847 crore
B) Rs. 24,984 crore
C) Rs. 52,638 crore
D) Rs. 31,817 crore
15. What is the present corpus of the Payments Infrastructure Development Fund (PIDF) Scheme launched by RBI?
A) Rs. 345 crore
B) Rs. 250 crore
C) Rs. 400 crore
D) Rs. 525 crore
16. Which search engine shut down its news websites in India?
A. Google
B. yahoo
C. Baidu
D. none of these
17. The 2021 season of CPL was organized from today, what is the full name of CPL?
A. Cars Premier League
B. Capagini Premier League
C. Caribbean Premier League
D. Kashmir Premier League
18. Which of the following day was celebrated across the world on 27th August?
A. World Yoga Day
B. world education day
C. World AIDS Day
D. World Rock Pepper Caesars Day
19. TECNO launched its first exclusive retail outlet in which Indian city?
A. Delhi
B. Harigan
C. Gandhinagar
D. Prayagraj
20. Which of the following table tennis player won the Czech International Open title?
A. G Sathiyan
B. Sutirtha Mukherjee
C. Shirt Kamal Achanta
D. Sumyajit Ghosh
ANSWERS
1. A
Ministry of Civil Aviation has repealed the Unmanned Aircraft Systems (UAS) Rules, 2021 and replace the same with the liberalized Drone Rules, 2021. Maximum penalty for violations reduced to INR 1 lakh.
2. C
State Bank of India is the Overall winner of the EASE Reforms Index Award 2021 (EASE 3.0 Awards). Bank of Baroda is second and Union Bank of India is third.
3. D
The Reserve Bank of India has announced to include street vendors of tier-1 and tier-2 centres, identified as part of the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi Scheme) as beneficiaries under the Payments Infrastructure Development Fund (PIDF) Scheme.
4. B
Central Government has approved the Indian Banks’ Association’s (IBA) proposal to increase the family pension to 30% of the last salary drawn.
5. C
Ujjivan Small Finance Bank has named Carol Furtado as the interim CEO of the bank after the whole time CEO Nitin Chugh resigned recently.
6. D
The International Military and Technical Forum ‘ARMY 2021’ has been organised in Moscow, Russia from August 22 to 28, 2021, at Patriot Expo, Kubinka Air Base and Alabino military training grounds.
7. A
Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman has unveiled the fourth edition of the Public Sector Bank (PSB) Reforms Agenda ‘EASE 4.0’ for 2021-22. The major theme for EASE 4.0 is “Technology-enabled, simplified, and collaborative banking.” EASE stands for- Enhanced Access & Service Excellence (EASE).
8. B
Prime Minister, Shri Narendra Modi received a book titled ‘Accelerating India: 7 Years of Modi Government’, on August 26, 2021, by former Union Minister, Shri K J Alphons.
9. C
NITI Aayog in partnership with Cisco has launched the next phase of the Women Entrepreneurship Platform (WEP) titled “WEP Nxt” to foster women entrepreneurship in India.
10. B
The Government of India and Maldives inked the contract for the mega Greater Male Connectivity project (GMCP), on August 26, 2021. The Government of India is funding the implementation of GMCP through a USD 400 million Line of Credit (LoC) and USD 100 million grant. The USD 400 million LoC will be provided by Export-Import Bank of India (Exim Bank). The project will be developed by Indian construction and engineering firm, AFCONS, based in Mumbai, Maharashtra.
11. D
In 2019, RBI had permitted authorized card payment networks to offer card tokenisation services to any token requestor (i.e., third-party app provider) through mobile phones and tablets. Now RBI has extended the scope of tokenization to include consumer devices – laptops, desktops, wearables (wrist watches, bands, etc.), Internet of Things (IoT) devices, etc. The ultimate responsibility for the card tokenization services rendered rests with the authorized card networks.
12. C
The Reserve Bank of India (RBI) has approved the appointment of Hitendra Dave as the Chief Executive Officer (CEO) of HSBC India.
13. A
The ARMY 2021 is the 7th edition of the annual International Military-Technical Forum.
14. D
Public Sector Banks have reported a profit of Rs. 31,817 crore in FY21 as compared to a loss of Rs. 26,016 crore in FY20. This is the first year when PSBs have reported profit after five years of losses.
15. A
PIDF presently has a corpus of Rs. 345 crore.
16. B
Yahoo has shut down its news websites in the country due to new foreign direct investment (FDI) rules limiting foreign ownership of media companies operating and publishing digital content in India. have make. This includes Yahoo News, Yahoo Cricket, Finance, Entertainment and Makers India. Yahoo e-mail and search services for users in India will not be affected.
17. C
The 2021 season of the Caribbean Premier League (CPL) will be organized from today. The organizers of the CPL have tied up with the Board of Control for Cricket in India (BCCI) to ensure that it does not clash with the IPL. All matches of the tournament will be held in St Kitts and Nevis as per the schedule.
18. D
Every year on 27th August, World Rock Paper Scissors Day is celebrated as the prestigious hand game. It is also a day to play Rock Paper Scissors just for fun or to settle any dispute.
19. A
TECNO, a global premium smartphone brand, today announced the launch of its first exclusive retail outlet to enhance the shopping experience of its customers.
20. A
Top Indian table tennis player Sathiyan Gnanasekaran won the International Table Tennis Federation Czech International Open title by defeating Ivan Prishpa of Ukraine in the men’s singles final in Olomouc, Czech Republic.
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